Trust

Grumpyplumber · 10-06-2008, 06:08 PM

The market went ballistic today.

The reason?

Trust, nobody trusts the market enough to put up money...thats what they say on CNBC at least.

We don't trust corporate claims, many are worried there's more corruption in the figures, so we cling to our money rather than invest.

Then there's talk of goverment regulation and all hell breaks loose: "Nobody's gonna tell me how to run MY business!"

It's ironic, we don't trust corporations because they've basically screwed us over too many times, in the same respect we don't trust the government to regulate them for fear that it will trickle down to us smaller business's.

Abe Lincoln said ya can't fool all the people all the time.

After watching our government fight and fued over who gets money for what and eventually having to bribe votes with vast amounts of special interest money just to get an emergency $700 bil bailout passed, it looks like the verdicts in.

I really think we're disgusted and it sure as hell looks like the rest of the world isn't very impressed either judging by the weekends reaction.

Looks to me like good ole honest Abe had it right afterall.

plumbcrazy · 10-06-2008, 06:14 PM

Same old same old > Rich bail out the rich and middle class take the hit.
All Bulls Crap.
Plumbcrazy

SethHoldren · 10-06-2008, 06:18 PM

Amen, you said it.

Trust rules everything. It really does.

I think we all need to put our trust in ourselves. And be patient.

It's easy to worry, and we do have a lot to worry about.

But all the assets that create productivity are still in place. All our knowledge is still here. And I still believe in the american spirit.

What do you think?

genecarp · 10-06-2008, 06:23 PM

Quote:

Originally Posted by SethHoldren

.

But all the assets that create productivity are still in place. All our knowledge is still here. And I still believe in the american spirit.

What do you think?

I think I agree

MALCO.New.York · 10-06-2008, 06:29 PM

Quote:

Originally Posted by SethHoldren

And I still believe in the american spirit.

What do you think?

Sorry. It has gone out the window. CONVENIENCE IS the "American Way" these days. Our Spirit has been darkened and destroyed by "Instant Everything". We have become sheep and slaves to Technology.

Grumpyplumber · 10-06-2008, 06:32 PM

Quote:

Originally Posted by MALCO.New.York

Sorry. It has gone out the window. CONVENIENCE IS the "American Way" these days. Our Spirit has been darkened and destroyed by "Instant Everything". We have become sheep and slaves to Technology.

My Comcast bill could be a car payment.

SethHoldren · 10-06-2008, 06:36 PM

Quote:

Originally Posted by MALCO.New.York

Sorry. It has gone out the window. CONVENIENCE IS the "American Way" these days. Our Spirit has been darkened and destroyed by "Instant Everything". We have become sheep and slaves to Technology.

Oh, sorry. I was unclear. I meant online courage. Not meatspace courage.

(Just kidding, of course, I really do believe all has not been lost. But I admit it's not hard to see it your way, MALCO my friend.)

Grumpyplumber · 10-06-2008, 06:40 PM

Quote:

Originally Posted by SethHoldren

Amen, you said it.

Trust rules everything. It really does.

I think we all need to put our trust in ourselves. And be patient.

It's easy to worry, and we do have a lot to worry about.

But all the assets that create productivity are still in place. All our knowledge is still here. And I still believe in the american spirit.

What do you think?

I have to go with Gene on this and agree as well.

There are people out there who have literally taken their money out of the bank & put it in a shoebox.

Maybe this will be a good thing for us as homeowners start investing in the one truly tangible investment they really have.

Maybe the feds will wake up, smell the coffee and see that "all the people" are sick of witnessing being fleeced by special interest and deception.

KillerToiletSpider · 10-06-2008, 06:55 PM

The biggest problem with an economic collapse in this country now as compared to the thirties is that there is very little industry here to spur a recovery, by outsourcing production to increase profit we have hamstrung our ability to overcome the economy through industry, not a good position to be in.

And things are going to get worse before they get better.

Proud Plumber · 10-06-2008, 06:58 PM

Quote:

Originally Posted by SethHoldren

Amen, you said it.

Trust rules everything. It really does.

I think we all need to put our trust in ourselves. And be patient.

It's easy to worry, and we do have a lot to worry about.

But all the assets that create productivity are still in place. All our knowledge is still here. And I still believe in the american spirit.

What do you think?

I agree and disagree. I think we will prevail in the long run. People will pull themselves up by the boot straps and American spirit will rise and we will move on.

However I do believe the bad is going to get much much worse before its over. It almost has to. My house value almost quadroopled in five years. #'s like that don't even make sense. SW Florida is taking a beating on this one for sure. I know I will be glad when it is over.

Jason Whipple · 10-06-2008, 07:02 PM

Quote:

Originally Posted by Grumpyplumber

I have to go with Gene on this and agree as well.

There are people out there who have literally taken their money out of the bank & put it in a shoebox.

Maybe this will be a good thing for us as homeowners start investing in the one truly tangible investment they really have.

Maybe the feds will wake up, smell the coffee and see that "all the people" are sick of witnessing being fleeced by special interest and deception.

I'm no pro at this stuff but I had a wealthy client before the dot com crash and I have a client that is in good shape right now.

Some how they both knew to pull stocks and invest in land while it was low and people were desperate to sell. There are great deals out there in real estate!

KillerToiletSpider · 10-06-2008, 07:07 PM

Quote:

Originally Posted by Jason W

I'm no pro at this stuff but I had a wealthy client before the dot com crash and I have a client that is in good shape right now.

Some how they both knew to pull stocks and invest in land while it was low and people were desperate to sell. There are great deals out there in real estate!

Yes there are, and you already own a piece of it!

RizzoMaryland · 10-06-2008, 07:13 PM

Quote:

Originally Posted by plumbcrazy

Same old same old > Rich bail out the rich and middle class take the hit.
All Bulls Crap.
Plumbcrazy

You only have it half right. The rich bail out the rich because it is the rich's money that is needed to boost the economy. Not the middle class.

Remodel Bud · 10-06-2008, 08:09 PM

............

Mike Finley · 10-06-2008, 08:16 PM

There is actually a lot of good news but you won't be hearing about it for awhile untill the easy news to report is over.

Consider that crude prices are falling like a rock. $3.00 a gallon gas is right around the corner. Consider what rising gas did to us all, no consider it going the other way.

Money supply is up.
The dollar is rising too.

That's good stuff. That means other countries are putting their money back into America. A sign that confidence is returning.

Gold is taking a tumble. Another great sign for us all. Inflation under control, fears subsiding.

Money is pouring (poured) out of the stock market and has been thrown into t-bills and bonds. Eventually this reverses once people realize how cheap stocks have become. A great company is still a great company, if it's stock price has been beaten down for no reason attached to the company, that company is a bargain and money will come pouring back into the market.

GE is a perfect example of this. Beaten down from the high twenties to the low twenties with zero changes financially in the company.

All in all there is a lot of good news, there is also a lot of good to come.

This is the start of what we've been looking for. Short term there is some more unhappy events to happen, but overall this is all good!

Proud Plumber · 10-06-2008, 09:34 PM

Quote:

Originally Posted by Mike Finley

There is actually a lot of good news but you won't be hearing about it for awhile untill the easy news to report is over.

Consider that crude prices are falling like a rock. $3.00 a gallon gas is right around the corner. Consider what rising gas did to us all, no consider it going the other way.

Money supply is up.
The dollar is rising too.

That's good stuff. That means other countries are putting their money back into America. A sign that confidence is returning.

Gold is taking a tumble. Another great sign for us all. Inflation under control, fears subsiding.

Money is pouring (poured) out of the stock market and has been thrown into t-bills and bonds. Eventually this reverses once people realize how cheap stocks have become. A great company is still a great company, if it's stock price has been beaten down for no reason attached to the company, that company is a bargain and money will come pouring back into the market.

GE is a perfect example of this. Beaten down from the high twenties to the low twenties with zero changes financially in the company.

All in all there is a lot of good news, there is also a lot of good to come.

This is the start of what we've been looking for. Short term there is some more unhappy events to happen, but overall this is all good!

I truly hope you are right.

bert0168 · 10-06-2008, 09:45 PM

Quote:

Originally Posted by Mike Finley

There is actually a lot of good news but you won't be hearing about it for awhile untill the easy news to report is over.

Consider that crude prices are falling like a rock. $3.00 a gallon gas is right around the corner. Consider what rising gas did to us all, no consider it going the other way.

Money supply is up.
The dollar is rising too.

That's good stuff. That means other countries are putting their money back into America. A sign that confidence is returning.

Gold is taking a tumble. Another great sign for us all. Inflation under control, fears subsiding.

Money is pouring (poured) out of the stock market and has been thrown into t-bills and bonds. Eventually this reverses once people realize how cheap stocks have become. A great company is still a great company, if it's stock price has been beaten down for no reason attached to the company, that company is a bargain and money will come pouring back into the market.

GE is a perfect example of this. Beaten down from the high twenties to the low twenties with zero changes financially in the company.

All in all there is a lot of good news, there is also a lot of good to come.

This is the start of what we've been looking for. Short term there is some more unhappy events to happen, but overall this is all good!

I like your perspective. I too hope you are right.

SethHoldren · 10-06-2008, 09:52 PM

Warren Buffett Video

I wish I knew what to say to talk you into watching this entire 55 minute video.

I thought it was nice to hear some big picture perspective. But then again....

Should we trust Warren Buffett? What do you think?

Grumpyplumber · 10-06-2008, 10:14 PM

Quote:

Originally Posted by Mike Finley

There is actually a lot of good news but you won't be hearing about it for awhile untill the easy news to report is over.

Consider that crude prices are falling like a rock. $3.00 a gallon gas is right around the corner. Consider what rising gas did to us all, no consider it going the other way.

Money supply is up.
The dollar is rising too.

That's good stuff. That means other countries are putting their money back into America. A sign that confidence is returning.

Gold is taking a tumble. Another great sign for us all. Inflation under control, fears subsiding.

Money is pouring (poured) out of the stock market and has been thrown into t-bills and bonds. Eventually this reverses once people realize how cheap stocks have become. A great company is still a great company, if it's stock price has been beaten down for no reason attached to the company, that company is a bargain and money will come pouring back into the market.

GE is a perfect example of this. Beaten down from the high twenties to the low twenties with zero changes financially in the company.

All in all there is a lot of good news, there is also a lot of good to come.

This is the start of what we've been looking for. Short term there is some more unhappy events to happen, but overall this is all good!

Right as I was reading the bold part, G.E. popped into mind.
I came very close to buying them today, but I wanna be sure the market isn't done tumbling yet...the end of day rally makes me think I may have missed out.

The main reason I started the thread was the irony that rich upper class continue to play the same cheap dirty tricks right in front of us and we are powerless to stop the obvious.

I'd almost bet money not one executive is held accountable for botching numbers or bending the rules that caused this problem in the first place.

Remodel Bud · 10-06-2008, 10:22 PM

..............

10-06-2008, 06:08 PM	#1
Grumpyplumber View Profile Grumpyplumber Pro Send Message Follow Blogs (0) Threads (1,165) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Pro Trade: Plumber Join Date: May 2007 Posts: 1,165	Trust The market went ballistic today. The reason? Trust, nobody trusts the market enough to put up money...thats what they say on CNBC at least. We don't trust corporate claims, many are worried there's more corruption in the figures, so we cling to our money rather than invest. Then there's talk of goverment regulation and all hell breaks loose: "Nobody's gonna tell me how to run MY business!" It's ironic, we don't trust corporations because they've basically screwed us over too many times, in the same respect we don't trust the government to regulate them for fear that it will trickle down to us smaller business's. Abe Lincoln said ya can't fool all the people all the time. After watching our government fight and fued over who gets money for what and eventually having to bribe votes with vast amounts of special interest money just to get an emergency $700 bil bailout passed, it looks like the verdicts in. I really think we're disgusted and it sure as hell looks like the rest of the world isn't very impressed either judging by the weekends reaction. Looks to me like good ole honest Abe had it right afterall.

10-06-2008, 06:14 PM	#2
plumbcrazy View Profile plumbcrazy CodeMonster Send Message Follow Blogs (0) Threads (2) Photos (1) Reviews (0) Projects (0) Toolbox (0) View All Activity CodeMonster Trade: Plumbing Join Date: Oct 2008 Posts: 2	Re: Trust Same old same old > Rich bail out the rich and middle class take the hit. All Bulls Crap. Plumbcrazy

10-06-2008, 06:18 PM	#3
SethHoldren View Profile SethHoldren Construction Marketer Send Message Follow Blogs (0) Threads (288) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Construction Marketer Trade: Construction Dude w/ Website Skills Join Date: Feb 2008 Location: Nashville Posts: 288	Re: Trust Amen, you said it. Trust rules everything. It really does. I think we all need to put our trust in ourselves. And be patient. It's easy to worry, and we do have a lot to worry about. But all the assets that create productivity are still in place. All our knowledge is still here. And I still believe in the american spirit. What do you think? __________________ Website Critiques The Construction Marketing Blog Last edited by SethHoldren; 10-06-2008 at 06:18 PM. Reason: spelling

10-06-2008, 06:55 PM	#9
KillerToiletSpider View Profile KillerToiletSpider The Grand Wazoo Send Message Follow Blogs (0) Threads (3,089) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity The Grand Wazoo Trade: It blowed up real good! Join Date: May 2007 Location: Illinois Posts: 3,089	Re: Trust The biggest problem with an economic collapse in this country now as compared to the thirties is that there is very little industry here to spur a recovery, by outsourcing production to increase profit we have hamstrung our ability to overcome the economy through industry, not a good position to be in. And things are going to get worse before they get better. __________________ A flush is better than a full house.

10-06-2008, 08:09 PM	#14
Remodel Bud View Profile Remodel Bud Pro Send Message Follow Blogs (0) Threads (407) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Pro Trade: Remodeling & home improvements Join Date: Aug 2008 Posts: 407	Re: Trust ............ Last edited by Remodel Bud; 10-11-2008 at 01:29 PM.

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10-06-2008, 08:16 PM	#15
Mike Finley View Profile Mike Finley Chief Toilet Mover Send Message Follow Blogs (0) Threads (14,078) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Chief Toilet Mover Trade: Bathroom Remodeling Join Date: Apr 2004 Location: Littleton, Colorado Posts: 14,078	Re: Trust There is actually a lot of good news but you won't be hearing about it for awhile untill the easy news to report is over. Consider that crude prices are falling like a rock. $3.00 a gallon gas is right around the corner. Consider what rising gas did to us all, no consider it going the other way. Money supply is up. The dollar is rising too. That's good stuff. That means other countries are putting their money back into America. A sign that confidence is returning. Gold is taking a tumble. Another great sign for us all. Inflation under control, fears subsiding. Money is pouring (poured) out of the stock market and has been thrown into t-bills and bonds. Eventually this reverses once people realize how cheap stocks have become. A great company is still a great company, if it's stock price has been beaten down for no reason attached to the company, that company is a bargain and money will come pouring back into the market. GE is a perfect example of this. Beaten down from the high twenties to the low twenties with zero changes financially in the company. All in all there is a lot of good news, there is also a lot of good to come. This is the start of what we've been looking for. Short term there is some more unhappy events to happen, but overall this is all good!

10-06-2008, 09:52 PM	#18
SethHoldren View Profile SethHoldren Construction Marketer Send Message Follow Blogs (0) Threads (288) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Construction Marketer Trade: Construction Dude w/ Website Skills Join Date: Feb 2008 Location: Nashville Posts: 288	Re: Trust Warren Buffett Video I wish I knew what to say to talk you into watching this entire 55 minute video. I thought it was nice to hear some big picture perspective. But then again.... Should we trust Warren Buffett? What do you think? __________________ Website Critiques The Construction Marketing Blog Last edited by SethHoldren; 10-06-2008 at 10:20 PM.

10-06-2008, 10:22 PM	#20
Remodel Bud View Profile Remodel Bud Pro Send Message Follow Blogs (0) Threads (407) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Pro Trade: Remodeling & home improvements Join Date: Aug 2008 Posts: 407	Re: Trust .............. Last edited by Remodel Bud; 10-11-2008 at 01:26 PM.

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